Report by Mrs Anderson
The Future Funds Initiative partners credit unions with North Lanarkshire secondary schools. Each pupil in S1 has been issued with a application form to open a Credit Union Savings Account , with a £10 voucher to automatically add that money to their account. The forms require a guardian’s signature and should be returned to Mrs Anderson or Mrs Woodside in the Maths department.
Motherwell Credit Union will offer Junior Savers 1.5% interest. Young Scot Reward points are also issued with each deposit. In school, pupils are encouraged to budget well and use their money wisely and a savings account will help them to become responsible young adults.